Pearson PLC Director/PDMR Shareholding (9889I)

TIDMPSON

RNS Number : 9889I

Pearson PLC

05 September 2016

5 September 2016

Pearson plc - (the "Company")

Notification of PDMRs' Interests

Long-Term Incentive Plan

In 2001, the Company established the Pearson Long-Term Incentive Plan (the "LTIP"). Its purpose is to link management's long-term reward with Pearson's financial performance and returns to shareholders. The LTIP was renewed and approved by shareholders in 2011 and its operation is governed by the remuneration policy approved by shareholders at the Annual General Meeting on 25 April 2014.

On 1 September 2016, the Company made a grant to Kevin Capitani, a PDMR, of 128,000 performance-related restricted shares. 75% of these shares will vest in 2019 subject to Pearson's earnings per share in 2018. The final 25% of these shares will vest in 2021 subject to Pearson's earnings per share in 2018 and the participant's continued employment through to the fifth anniversary of the award.

The notification below is made in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
----  -------------------------------------------------------------------------------- 
 a)    Name                                 Kevin Capitani 
----  -----------------------------------  ------------------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------------------- 
 a)    Position/status                      President, North America 
----  -----------------------------------  ------------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
----  -----------------------------------  ------------------------------------------- 
 3     Details of the issuer, emission allowance market 
        participant, auction platform, auctioneer or auction 
        monitor 
----  -------------------------------------------------------------------------------- 
 a)    Name                                 Pearson plc 
----  -----------------------------------  ------------------------------------------- 
 b)    LEI                                  2138004JBXWWJKIURC57 
----  -----------------------------------  ------------------------------------------- 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type 
        of transaction; (iii) each date; and (iv) each 
        place where transactions have been conducted 
----  -------------------------------------------------------------------------------- 
 a)    Description                          Ordinary shares of 25 pence each in 
        of the financial                     Pearson plc 
        instrument, 
        type of instrument                   ISIN: GB0006776081 
        Identification 
        code 
----  -----------------------------------  ------------------------------------------- 
 b)    Nature of                            Award of performance-related restricted 
        the transaction                      shares under the Long-Term Incentive 
                                             Plan 
----  -----------------------------------  ------------------------------------------- 
 c)    Price(s) and                         Price(s)             Volume(s) 
        volume(s) 
----  -----------------------------------  -------------------  ---------------------- 
   n/a                                                                128,000 
  ------------------------------------------------------------  ---------------------- 
 d)    Aggregated                           n/a 
        information 
        - Aggregated 
        volume 
        - Price 
----  -----------------------------------  ------------------------------------------- 
 e)    Date of the                          1 September 2016 
        transaction 
----  -----------------------------------  ------------------------------------------- 
 f)    Place of the                         n/a 
        transaction 
----  -----------------------------------  ------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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September 05, 2016 10:05 ET (14:05 GMT)